Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.23.2
LEASES (Tables)
6 Months Ended
Jun. 30, 2023
Leases  
SCHEDULE OF SUPPLEMENTAL CASH FLOWS INFORMATION RELATED TO LEASES

Supplemental cash flows information related to leases was as follows:

 

    2023     2022  
    For The Six Months Ended  
    June 30,  
    2023     2022  
Cash paid for amounts included in the measurement of lease liabilities:                
                 
Operating cash flows from operating leases   $ 2,232     $ 146  
Financing cash flows from finance leases   $ 1,443     $ 71  
                 
Right-of-use assets obtained in exchange for lease obligations:                
Operating leases   $ 4,765     $ 258  
Finance leases   $ 2,798     $ 931  
                 
Weighted Average Remaining Lease Term                
Operating leases     3.21       3.53  
Finance leases     1.99       2.75  
                 
Weighted Average Discount Rate                
Operating leases     7.1 %     3.8 %
Finance leases     6.7 %     6.2 %
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS

Future minimum payments under non-cancellable leases as of June 30, 2023 were as follows:

 

For the Years Ending December 31,   Operating Lease     Finance Lease  
2023   $ 2,779     $ 1,283  
2024     2,332       718  
2025     1,854       164  
2026     1,245       30  
2027     902       11  
Thereafter     1,593       -  
Total future minimum lease payments     10,705       2,206  
Less: imputed interest     (1,655 )     (137 )
Total   $ 9,050     $ 2,069